5 Ways Charitable Giving Can Star in Your Financial Strategy

Helping others is great, and helping yourself is always good as well, so why not do both at the same time? Integrate these five strategies into your financial plan, and you can.

A woman leans her head back and takes a deep, cleansing breath against the backdrop of a beautiful blue sky.
(Image credit: Getty Images)

When professional baseball player Austin Barnes extended his contract with the Los Angeles Dodgers for another two years, he specifically included in the agreement a commitment on his part to make charitable donations.

That was a generous move and a financially savvy one all at the same time. He can put his money to work helping causes he believes in, while also enjoying tax advantages.

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This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

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Matt Landon, Financial Advisor, CFP®
Financial Advisor, Semmax Financial Group

Matt joined the Semmax team as an advisor in January 2017. He is a CFP®, a licensed insurance agent and has passed the Series 65 securities exam. He is a graduate of UNC Greensboro with a bachelor’s degree in Kinesiology and a double minor in English and History.